In 2023, GELEX sets a profit target of nearly VND 1,300 billion

According to the GELEX Board of Directors, the macro situation in 2023 is expected to continue to put a lot of pressure on businesses. In that context, GELEX sets a target of consolidated net revenue of VND 37,457 billion, consolidated profit before tax of VND 1,272 billion, equal to 117% and 61% respectively compared to 2022.

The Group continues to invest in depth in the industrial production segment

According to the published information, in 2023, through GELEX Electricity, the Group intends to continue to keep and grow its domestic market share with strategic products, at the same time, gradually develop and expand to appropriate foreign markets.

Inside CADIVI Factory

In particular, R&D, production optimization, cooperation with major partners to produce new products with high technology content, suitable for market demand are among the important goals.

Smart meter products of EMIC (A member of GELEX Electric)

At the same time, the units throughout the system focus on improving production and business efficiency, continue to implement solutions to optimize costs, balance debts, control inventory, streamline the apparatus/ personnel, strengthen risk management, etc. to improve competitiveness, maintain position, and support sustainable growth.

The Group implements key projects, especially real estate and logistics in industrial parks

Real estate, in which industrial park real estate (through its member unit Viglacera) has been one of the bright spots, contributed to GELEX’s overall results in the past year.

Thanks to the advantage of owning a large industrial land bank located in many provinces and cities, Viglacera’s IPs offer diverse choices for investors.

Currently, Viglacera is a leading enterprise in the segment of investment and development of industrial park infrastructure, social housing/worker housing, with 12 industrial park projects with a scale of more than 4,000 hectares, attracting 300 domestic and foreign enterprises, more than USD 16 billion of FDI. Orientation of 2023, Viglacera survey, set up investment projects and implement new industrial park projects.

Regarding social housing and worker housing, the Company plans to step by step implement a program to invest in 50,000 social housing in the period 2022-2030. In which, the Company continues to develop social housing areas, housing for workers in sync with the development of existing industrial parks in Dong Van IV, Phu Ha and Dong Mai industrial parks; Social housing in Kim Chung; 9.8 ha social housing area in Yen Phong – Bac Ninh.

Started in March 2022, the project of housing for workers and experts invested by Viglacera has a total area of 9.1 hectares with 1,000 apartments, meeting accommodation for about 5,500 people. The industrial park is expected to be completed in 2024.

Adding a highlight in this segment, GELEX and Frasers Property Vietnam have already signed a cooperation agreement to implement industrial parks in the North with the total investment in this first phase is expected to be about VND 6,000 billion, equivalent to USD 250 million.

The cooperation between Frasers Property and GELEX is the passion of the two groups working together to create real-class industrial parks in the North, raising the level of innovative and high-class new industrial parks.

Besides industrial park real estate and logistics, GELEX Infrastructure continues to research and invest in potential wind power projects; exchange opportunities to cooperate with a number of partners and review new projects.

GELEX continues to research, select, evaluate and realize potential capital investment and M&A opportunities (through the parent GELEX and its member units); at the same time, GELEX continues to develop an appropriate management strategy after M&A.

PR Department

GELEX GROUP